China Green Agriculture (NYSE:CGA) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of China Green Agriculture (NYSE:CGA) in a research note issued on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Green Agriculture Price Performance

China Green Agriculture stock opened at $2.85 on Tuesday. The company has a market capitalization of $39.44 million, a P/E ratio of -2.36 and a beta of 0.50. The business has a 50 day moving average of $2.87 and a 200-day moving average of $2.45. China Green Agriculture has a 1 year low of $1.61 and a 1 year high of $4.09.

China Green Agriculture (NYSE:CGA) last released its earnings results on Friday, February 9th. The basic materials company reported ($0.40) earnings per share for the quarter. The firm had revenue of $17.80 million for the quarter. China Green Agriculture had a negative net margin of 14.54% and a negative return on equity of 12.68%.

Institutional Trading of China Green Agriculture

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new stake in shares of China Green Agriculture during the 1st quarter worth approximately $115,000. Susquehanna International Group LLP acquired a new stake in shares of China Green Agriculture during the 1st quarter worth approximately $175,000. Finally, Renaissance Technologies LLC grew its position in shares of China Green Agriculture by 67.8% during the 1st quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock worth $192,000 after buying an additional 7,700 shares during the period. Institutional investors and hedge funds own 0.12% of the company’s stock.

China Green Agriculture Company Profile

China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers, agricultural products, and bitcoin in the People's Republic of China and the United States. The company operates through four segments: Jinong (Fertilizer Production); Gufeng (Fertilizer Production); Yuxing (Agricultural Products Production); and Antaeus (Bitcoin).